US Congressman introduced a bill to ban Bitcoin - page 2.

Leh-Meh

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Quote from: Coin-Keeper on June 19, 2019, 04:20:12 PM

If CASH was banned and only credit cards and bank accounts were used that would also largely resolve the problems. No talk of dumping cash but it really is an obsolete concept compared to BTC.

Cashless society = Digital money. Bitcoin will be in real trouble.

Coin-Keeper

hero member

Activity: 761

Merit: 606

Quote from: Leh-Meh on June 19, 2019, 02:52:18 PM

Quote from: Mastrhiggins on June 19, 2019, 02:43:33 PM

I would love to understand on how exactly they plan on banning it?

Bitcoin is famous for money laundering. Bitconnect used bitcoin for $14 billion ponzi. All eyes are on Bitcoin

CASH is the clear king when it comes to laundering/illegal activities. If CASH was banned and only credit cards and bank accounts were used that would also largely resolve the problems. No talk of dumping cash but it really is an obsolete concept compared to BTC.

Mastrhiggins

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Activity: 31

Merit: 2

Quote from: Leh-Meh on June 19, 2019, 02:52:18 PM

Quote from: Mastrhiggins on June 19, 2019, 02:43:33 PM

I would love to understand on how exactly they plan on banning it?

Bitcoin is famous for money laundering. Bitconnect used bitcoin for $14 billion ponzi. All eyes are on Bitcoin

That was not a Bitcoin issue, it was a BitConnect issue.

Any Madoff ran a $64B ponzi with USD...not sure your point?

They can't ban BTC

Leh-Meh

jr. member

Activity: 42

Merit: 2

Quote from: Mastrhiggins on June 19, 2019, 02:43:33 PM

I would love to understand on how exactly they plan on banning it?

Bitcoin is famous for money laundering. Bitconnect used bitcoin for $14 billion ponzi. All eyes are on Bitcoin

Mastrhiggins

jr. member

Activity: 31

Merit: 2

Quote from: Leh-Meh on June 19, 2019, 02:36:48 PM

Bitcoin Threatens To 'Take Power' From The U.S. Federal Reserve

Bitcoin has long been called a threat to the existing financial system and the central banks that run it—though these claims have in the past been largely fringe ideas.The bitcoin price, now hovering around $8,000 per bitcoin, double what it began the year at, is often closely tied to public awareness of cryptocurrencies and the latest bitcoin bull run beginning in early April re-started the public debate on bitcoin.

Now, U.S. Democrat Congressman Brad Sherman has urged his colleagues to consider banning bitcoin and cryptocurrencies due to the threat they pose to U.S. international financial power, saying bitcoin needs to be "[nipped] in the bud."

https://www.forbes.com/sites

I would love to understand on how exactly they plan on banning it?

All this is doing is reinforcing that Bitcoin has power globally. Bullish.

Wonder who his top contrib.....oh

Leh-Meh

jr. member

Activity: 42

Merit: 2

Bitcoin Threatens To 'Take Power' From The U.S. Federal Reserve

Bitcoin has long been called a threat to the existing financial system and the central banks that run it—though these claims have in the past been largely fringe ideas.The bitcoin price, now hovering around $8,000 per bitcoin, double what it began the year at, is often closely tied to public awareness of cryptocurrencies and the latest bitcoin bull run beginning in early April re-started the public debate on bitcoin.

Now, U.S. Democrat Congressman Brad Sherman has urged his colleagues to consider banning bitcoin and cryptocurrencies due to the threat they pose to U.S. international financial power, saying bitcoin needs to be "[nipped] in the bud."

https://www.forbes.com/sites

Topic: US Congressman introduced a bill to ban Bitcoin - page 2. (Read 258 times)